FRANKFURT (Bloomberg) -- Volkswagen's Audi division, the world's second-largest maker of luxury cars, plans this year to further narrow the gap with market leader BMW and keep Daimler's Mercedes-Benz at bay.
"This is our intention," CEO Rupert Stadler said today at the World Economic Forum in Davos, Switzerland.
"Competition is very strong" in the premium-car segment, "but this makes us even stronger," Stadler said in a Bloomberg Television interview.
Audi's deliveries rose 8 percent to a record 1.58 million cars and SUVs in 2013, driven by the revamped A3 compact and surging demand for the Q5 and Q3 SUVs.
Luxury-car sales have outpaced mass-market vehicle deliveries in recent years as incomes rise in countries such as China and spending bounces back in the United States.